Yes Bank partners Ola to deploy mobile ATMs in Ola cabs

The cab aggregator Ola has partnered with Yes bank to set up mobile ATMs over 30 locations across 10 cities including Mumbai, Delhi, Bangalore, Chennai, Pune, Kolkata, Chandigarh, Ahmedabad, Hyderabad and Jaipur.

“This is part of our commitment to serve as many customers as possible. We are working on a mobile solution with Ola, which means the cab will come to you to dispense money. We are in advanced stages of closing out and are hopeful of launching the service in a week to 10 days maximum,” said Rajat Mehta, senior president & country head, brand & retail marketing, Yes Bank.

The Point of Sale (PoS) enabled ATMs will be stationed in Ola cabs from where customers of any bank can withdraw the amount of Rs 2000.

"This partnership is being done with an aim to ease the process of cash withdrawals for citizens across the country and provide seamless service to the customers with additional mobile infrastructure powered by Ola", said the bank in a release.

Raghuvesh Sarup, CMO & Head of Categories, Ola, added, "This is an important time for banking and mobility to come together and help people. Ola's fleet and technology strengths complement Yes Bank's service and enable convenient cash withdrawals for people. Ola is also accepting various modes of cashless payments."

Apart from Yes Bank, Punjab National Bank has also partnered with Ola to aid cash withdrawals for the citizens of Delhi and the National Capital Region (NCR).

PNB’s PoS machines equipped in Ola cabs are stationed in areas like Gurgaon, Laxminagar, Janakpuri, Civil Lines, AIIMS, NSP, Manesar, Nehru Place, Bhikaji Cama Place, Mayur Vihar, Faridabad, Tilak Nagar, Rajouri Garden and Greater Kailash.